SY Holdings Group (HKSE:06069) Cash-to-Debt : 1.19 (As of Dec. 2023)

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What is SY Holdings Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. SY Holdings Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.19.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, SY Holdings Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for SY Holdings Group's Cash-to-Debt or its related term are showing as below:

HKSE:06069' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 1.37 Max: 3.28
Current: 1.19

During the past 9 years, SY Holdings Group's highest Cash to Debt Ratio was 3.28. The lowest was 0.16. And the median was 1.37.

HKSE:06069's Cash-to-Debt is ranked better than
69.64% of 504 companies
in the Credit Services industry
Industry Median: 0.23 vs HKSE:06069: 1.19

SY Holdings Group Cash-to-Debt Historical Data

The historical data trend for SY Holdings Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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SY Holdings Group Cash-to-Debt Chart

SY Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.21

2.76

1.73

1.36

1.19

SY Holdings Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												1.73	0.28	1.36	1.36	1.19

Competitive Comparison of SY Holdings Group's Cash-to-Debt

For the Credit Services subindustry, SY Holdings Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SY Holdings Group's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SY Holdings Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where SY Holdings Group's Cash-to-Debt falls into.

SY Holdings Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

SY Holdings Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9345.793	/	(6172.943	+	1705.445)
	=	1.19

SY Holdings Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9345.793	/	(6172.943	+	1705.445)
	=	1.19

SY Holdings Group (HKSE:06069) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

SY Holdings Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of SY Holdings Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

SY Holdings Group (HKSE:06069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SY Holdings Group Ltd (HKSE:06069) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 Zhong Xin Number 4 Road, 10/F and 18/F, Kerry Plaza Tower 2, Futian District, Shenzhen, CHN, 518048

Website

https://www.syholdings.com

SY Holdings Group Ltd, formerly Sheng Ye Capital Ltd is a financial services provider, that offers accounts receivable financing and other related solutions in the People's Republic of China. The company also provides factoring and credit assessment services. It earns its revenue from the provision of factoring services, guarantee services, information technology services, consulting services, and other services to customers in the People's Republic of China.

Executives

Tung Chi Fung	2307 Founder of a discretionary trust who can infl
Eander Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Wisdom Cosmos Limited	2101 Beneficial owner
Xitong International Holdings (hk) Limited	2101 Beneficial owner
Wu Xi Shi Jiao Tong Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

SY Holdings Group (HKSE:06069) Headlines

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